Microsoft Continues to Look to Israel for Cyber Safety
American computing giant Microsoft continues to expand its acquisitions of Israeli-based software companies, with a reported $100 million deal for cybersecurity start-up Hexadite.
Founded in Tel Aviv and now based out of Boston MA, Hexadite deals in cyberattacks and mitigating damage to systems through machine learning, which helps its clients increase productivity and reduce costs. The software can easily be added to existing firewall solutions, making it simple for Microsoft to integrate with existing lines.
According to the website, Hexadite’s software “investigates every alert in seconds” by using “top cyber analysts” and artificial intelligence. The software algorithms are used to detect and investigate every threat and act on the ones which provide a danger to a client’s network. The company’s clients include Telit, Nuance Communications and other financial and industrial firms.
Hexadite has raised $10.5 million to date and employs 35 people. Its founders, Eran Barak, Barak Klinghofer and Idan Levin, all served in elite intelligence units of the Israeli army and worked for defense electronics firm Elbit Systems.
Microsoft’s other cybersecurity acquisitions from Israeli start-ups, include Adallom, Secure Islands, and Aorata. The latest deal would solidify Israel as one of the main places for companies seeking talent in the cybersecurity market.
The deal comes shortly after Microsoft announced it would continue to invest $1 billion in 2017 into the research and development of cybersecurity, excluding any acquisitions that they may make.
As businesses and the world move towards digitised systems, they become more vulnerable to these threats, as recently seen when a planned attack disrupted over 10,000 organisations across 150 countries, including the UK’s NHS.
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